|
|
Article: Northfield earns $15M.(Northfield Savings Bank)(Brief Article)
- Article from:
- Real Estate Weekly
- Article date:
- February 11, 2004
CopyrightCOPYRIGHT 2004 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Northfield Savings Bank, Staten Island's only mutually-owned savings bank, announced that the bank's net earnings for 2003 were $15.2 million, an increase of more than 9% year-over-year. Earnings for the fourth quarter of 2003 were $4.7 million, an increase of more than 21% over 2002.
Northfield, which operates branches under the Northfield and Liberty Bank names, also announced that its capital base had increased over 8% to $139.13 million, and that its total assets at year-end were $1.47 billion, an increase of more than 12% compared to last year.
Northfield's tangible ...